Multi-sector multi-region economic growth model of drought and the value of water: A case study in Pakistan
Multi-sector multi-region economic growth model of drought and the value of water: A case study in Pakistan
复制标题
干旱的多部门多区域经济增长模型与水的价值:以巴基斯坦为例
DOI:
10.1016/j.ijdrr.2019.101368
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发表时间:
2019
影响因子:
5
通讯作者:
and M. J. M. Cheema
中科院分区:
文献类型:
--
作者:
Yokomatsu;M;H. Ishiwata;Y. Sawada;Y. Suzuki;T. Koike;A. Naseer;and M. J. M. Cheema
This study integrates ecohydrological vegetation and multi-sector multi-region economic growth models to evaluate the impacts of drought on markets and value the economic value of water. The values of several parameters of the agricultural production function are identified by applying leaf area indices that are simulated by the ecohydrological model, AgriCLVDAS. The three-sector three-region closed-economy model with the agricultural production functions of both irrigable and rainfed farmland as well as the stochastic process of precipitation and availability of river water are formulated to analyze the water rent as well as GDP growth in Pakistan under drought stress. According to the characteristics of the closed-economy model, the crop price is increased during drought periods because of the price hike in water (i.e., an increase in the marginal productivity of water, which is double that in high-water periods in Pakistan). The study further presents a way of investigating water resource management policies by applying comparative dynamics.